Woody Widrow reviews the United for a Fair Economy (UFE) report Born on Third Base: What the Forbes 400 Really Says About Economic Equality and Opportunity in America. The report, he says:
coincided with the release of the Forbes 400, an annual list of the U.S.’s wealthiest individuals. What is striking, if not surprising, is that most of the members in this elite club are not self-made billionaires but, as the title denotes, started out “on third base,” to use a baseball analogy. They come from wealthy families with access to opportunities and advice, are mostly white, and are part of the good ol’ boy network. Based on family, inheritance, tax laws, and other federal policies, it is almost impossible for them not to succeed and grow increasingly wealthy. Little more needs to be said about this point.
What does this mean for the rest of us?
Read the full review.